This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
114 Norick Dr
Kings Mountain, NC 28086
Forest Products Group Warehouse Facility · Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1969 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 24’ |
| Lot Size | 11.50 AC | No. Dock-High Doors/Loading | 8 |
| Rentable Building Area | 74,924 SF | No. Drive In / Grade-Level Doors | 4 |
| No. Stories | 1 | ||
| Zoning | HI | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 11.50 AC |
| Rentable Building Area | 74,924 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | HI |
ABOUT 114 NORICK DR , KINGS MOUNTAIN, NC 28086
SAB Capital is pleased to present Forest Products Group Warehouse Facility in Kings Mountain, NC, 20 miles west of Charlotte, NC. At the close of escrow, Forest Products Group, Inc. will sign a 20-year absolute net lease with zero landlord responsibilities. The lease will feature 2 percent annual rent increases as well as four, five-year extension options. The subject lease will be backed by a corporate guaranty from Forest Products Group, Inc., an institution with over six decades of servicing the retail building and construction industry. This mission-critical distribution facility services Forest Products Group’s Mid-Atlantic and southeastern regional clients and is strategically located nearby several major regional and national highways. The facilities include 74,000 square feet of warehouse space with eight docks and four drive-in doors. There are also several acres of undeveloped land which can be used for potential future facility expansion. Forest Products Group also benefits from its strong core market fundamentals. The Charlotte MSA is the fifth fastest-growing city of at least 50,000 residents in the country. Additionally, Kings Mountain brought in more than $475 million in commercial development projects in the last five years alone. Strong Core Market Fundamentals | | Industrial Rents in Charlotte Have Been Among the Fastest Growing in the Nation | Industrial Vacancies are Well Below Historical Average, at 6.3%
PROPERTY TAXES
| Parcel Number | 11517 | Improvements Assessment | $1,528,980 |
| Land Assessment | $530,850 | Total Assessment | $2,059,830 |
PROPERTY TAXES
